A quantitative exploration of hydrogen’s game-changing potential
Multiple policy initiatives in Europe, California and China are driving decarbonization across power, transportation, and natural gas end-use sectors. Hydrogen is a promising option that is receiving increased attention for its potential to shape the future fuel mix.
Hydrogen can be both a zero-carbon energy carrier and storable/dispatchable. In principle, therefore, it offers significant advantages in energy systems where other sources of energy tend to be one, or the other, but not both. Hydrogen can be used across all energy sectors – including power generation, heat, industrial uses and transport.
However, before hydrogen can be considered as a significant contributor to the future fuel mix, a series of practical issues must be addressed. Businesses and investors will need to develop business models that offer the prospect of acceptable returns. To explore hydrogen's global market outlook, IHS Markit has launched several initiatives.